GoldnRise aka GoldanRise Review

Who is GoldnRise aka GoldanRise:

GoldnRise aka GoldanRise is a trading name of GoldNRise Ltd, a company that claims to be registered in St. Vincent and the Grenadines. The broker offers various trading instruments, such as forex, commodities, indices, stocks, and cryptocurrencies, on its web-based platform. The broker also claims to have offices in London, Dubai, and Hong Kong, and to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.

Regulation:

However, the ASC has warned that GoldnRise aka GoldanRise is not registered to trade in or advise on securities or derivatives in Alberta or any other Canadian jurisdiction. The ASC also stated that the FSA of St. Vincent and the Grenadines does not regulate forex or CFD trading and that the broker’s claims of regulation are false and misleading. Therefore, GoldnRise aka GoldanRise is operating illegally and without any oversight or protection for investors.

Location:

The location of GoldnRise aka GoldanRise is also questionable, as the broker does not provide any verifiable address or contact information on its website. The broker’s phone number is a UK-based number, but the UK’s Financial Conduct Authority (FCA) has not authorized or recognized the broker. The broker’s email address is a generic Gmail account, which does not inspire confidence or credibility. The broker’s website domain was registered in October 2020 and is set to expire in October 2021, which suggests that the broker is not planning to stay in business for long.

Services:

GoldnRise aka GoldanRise offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the maximum leverage for all accounts is 1:500. The broker does not disclose any information about the spreads, commissions, fees, or withdrawal conditions on its website. The broker also offers a bonus program that promises up to 100% bonus on deposits, but the terms and conditions of the bonus are unclear and likely to be restrictive.

Reviews:

There are very few reviews or testimonials about GoldnRise aka GoldanRise online, which indicates that the broker has a low reputation and customer base. The few available reviews are mostly negative and complain about the broker’s poor service, aggressive marketing tactics, withdrawal difficulties, and fraudulent activities. Some reviewers have reported that the broker has scammed them out of their money and refused to honor their withdrawal requests.

Customer Service:

GoldnRise aka GoldanRise claims to offer 24/7 customer support via phone, email, live chat, and social media. However, many customers have reported that the broker’s customer service is unresponsive, rude, or nonexistent. Some customers have also claimed that the broker’s representatives have harassed them with calls and emails to persuade them to deposit more money or accept bonuses.

Securing Your Investments Against Unscrupulous Brokers:

If you are looking for a reliable and regulated forex or CFD broker, you should avoid GoldnRise aka GoldanRise at all costs. The broker is not only unregulated and unlicensed but also dishonest and fraudulent. You should always check the registration and regulation status of any broker you are considering before opening an account or making a deposit. You should also read the terms and conditions carefully and avoid accepting any bonuses or offers that may limit your withdrawal rights. You should also research the broker’s reputation and customer feedback online and look for signs of scam or fraud.

Conclusion:

GoldnRise aka GoldanRise is a forex and CFD broker that has been flagged by the ASC for operating without registration and violating securities laws. The broker is not regulated by any reputable authority and does not provide any transparency or security for its customers. The broker’s services are subpar and its practices are unethical and illegal. We strongly advise you to stay away from GoldnRise aka GoldanRise and look for a better alternative.